About Me

Born in Owensboro, KY, Apollo High Graduate, Washington & Lee University Grad, NKU/Salmon P. Chase College of Law Grad. Board Member of GRECAA (Georgia Real Estate Closing Attorneys Association) and active member of The Rotary Club of North Fulton. Owner of the Wagner Law Group, a residential real estate closing firm.

Thursday, May 23, 2013

I'm always surprised when someone chooses to waive their optional owner's title. This typically happens with a buyer from out of state (who is not well-versed in title issues found in Georgia) or with someone who thinks that they are covered by the Lender's title policy. I guess the easiest way to ponder that is to look at the name... "Lender's" versus "Owner's". Who is actually protected???

So the recent cash buyer 'saved' around $900 on their new purchase but what if someone makes a claim against the $240,000 equity in their new home? Considering the price differential, I'd say the choice is clear!

Still not convinced? Check out these links for some light reading! Be safe out there!